Residential Income Property with
For Sale
$245,888
7 PIPE HILL COURT Unit 7B, Baltimore, MD 21209
Two-bedroom condominium with flexible living space, private deck, community amenities, and access to I-695 and I-83.
Property Size1,429 SF
Price / SF$171.23
Days on Market78
Property Features for 7 PIPE HILL COURT Unit 7B
General Information
Standard status
Active
Size
1,429 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,303
Amenities
wood burning fireplace
private deck
secure intercom entry system
hardwood and ceramic tile flooring
ceiling fans
outdoor pool
clubhouse
tennis courts
Building Details
Building Size
1,429 SF
Year Built
1990
Listing Agency:
NetRealtyNow.com, LLC
Listed By:
Thomas S Hennerty · License #5092
(703) 581-8605
Source:
Thehulsmangroup
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 4 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NetRealtyNow.com, LLC
Investment Insights
Based on property information with market context.
This 1,436-square-foot condominium, built in 1990, offers two bedrooms and two full bathrooms in a layout that includes a separate lounge, living and dining areas, and an eat-in kitchen. A wood-burning fireplace with glass doors adds a distinct interior feature. The primary suite includes an attached bath and walk-in closet, while the kitchen provides a pantry and built-in microwave, range, refrigerator, dishwasher, and disposal. Hardwood, ceramic tile, and carpeting are used throughout the residence. A private deck extends the usable living area, and an intercom entry system provides controlled access.
Community amenities include an outdoor pool, clubhouse, tennis courts, and maintained common grounds. The property is located near I-695 and I-83, with shopping, dining, grocery stores, entertainment, and recreational destinations including Quarry Lake at Greenspring, Greenspring Shopping Center, and Lake Roland Park nearby.
Community amenities include an outdoor pool, clubhouse, tennis courts, and maintained common grounds. The property is located near I-695 and I-83, with shopping, dining, grocery stores, entertainment, and recreational destinations including Quarry Lake at Greenspring, Greenspring Shopping Center, and Lake Roland Park nearby.
Key Highlights
- 1,436‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Wood‑burning fireplace with glass doors
- Primary suite with attached full bath and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,709
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,180
$374.2K
Cap Rate 7%
$267,271
$267.3K
Cap Rate 9%
$207,878
$207.9K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$36.2K $25.20/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$34.0K $23.69/SF
− OpEx
−$15.3K −$10.66/SF
NOI
$18.7K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,180
Cap Rate 7%
$267,271
Cap Rate 9%
$207,878
Alternative Uses
Best Use
Apartment 5plus
$267.3K
$233.9K – $311.8K
NOI $18,709 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.0K
$301.0K – $401.4K
NOI $24,082 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 21209, MD
28,659
Population
12,086
Households
2.4
Avg Household Size
37
Median Age
60%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
4,409
Density / Sq Mi
$87,669
Median Household Income
$57,694
Median Earnings
$1,640
Median Rent
$418,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with flexible living space, private deck, community amenities, and access to I-695 and I-83.
Where is this residential income property located?
The property is located at 7 PIPE HILL COURT Unit 7B Baltimore, MD.
What is the asking price?
The asking price for this property is $245,888.
What are key features of this property?
This property features: 1,436‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Wood‑burning fireplace with glass doors; Primary suite with attached full bath and walk‑in closet
